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# System prepended metadata

title: Mystic Whales Proposal

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# Mystic Whales Proposal


## Simple Summary
Shenanigan would like to request the mystic whales'  with a liquidity sub-DAO for Badger on xDai. We are working with BadgerDAO and xDAIDAO to facilitate the Badgers expansion onto xDAI sidechain. 

## Abstract
In the coming nonths, Badger will be expanding to xDAI. I pitched the Liquidity DAO idea to core Badger team members and they expressed interest. The mystic whales have been successful launching tokens through Liquidity DAOs in the past. To ensure that Badger is rewarded properly, I'd like to bring in the Mystic Whales as DAO members/organizers to BadgerDAO moving 50MM onto xdai.


## Motivation
The mystic whales have past experience organizing large treasury Liquidity DAOs. It would benefit Badger to have a team of talented individuals working full time managing funds, writing proposals, making votes, shilling etc. The core teams have expressed their interest in moving and now we must convince both BadgerDAO and xDAIDAO through DAO proposals.


## Specification

One month long sprint focusing on moving $50MM of Badger iBBTC to xDai

Deliverables:

- Proposal in BadgerDAO to move to xDai
    - Badger wants to move $50MM
    - Goal is to increase Badger usage in dApps on the xdai network
    
- Proposal to xDAIDAO to match Badgers offer
    - Soft interest willing to match Badgers offer
    - Goal is to encrease TVL

- Facilitate a BadgerPool DAO on mainnet that will transfer iBBTC and STAKE over the omnibridge, and use them effectively on xDai
    - We will need to put the iBBTC on a DEX. Ideally, it would be best for that DEX to include a farm.
    - Idea:: Invite all xDai DEXs perform a tokenswap with BADGERPool.
        - DEXs will receive iBBTC and STAKE in proportion to the size of the token swap. 
        - Dexs can use their rwapped tokens to start farms. 
        - BADGERPool will use the DEX's tokens to add iBBTC liquidity in the token's respective DEX.

## Rationale
A move of this size should take extra care to be done right. The mystic whales have a great track record with DAOs that would hep facilitate a proper move,


## Security Considerations
Can we start a DAO on Mainneit and move to xDai?Would gas fees cause problems with POOL investors?
